Baosteel's net profit last year was super billion

Baosteel shares (600019) Annual report shows that 2010, the company realized operating income of 202.149 billion yuan, an increase of 36.29%, the ownership of the listed company shareholders net profit of 12.889 billion yuan, an increase of 121.61% Basic income of 0.74 yuan per share, Baosteel continues to become the steel industry's most profitable company.　　Baosteel's shares are intended to send cash dividends of 3.0 yuan per 10 shares (including tax). Baosteel's stake is expected to reduce global demand for steel in 2011. China's iron and steel industry will still be at a stage of overcapacity, supply and demand imbalance under the low speed growth.　　At the same time, steel prices, raw material price fluctuations in frequency and range may be increased by inflationary pressures and iron ore, coking coal costs rise, the cost of steel enterprises increased pressure. The annual report shows that Baosteel's steel manufacturing sector gross profit margin of 10.84%, up 2.06% year-on-year.　　Industry analysts believe that the main reason to lead the industry is Baosteel's product structure itself advantages.　　2010, Baosteel shares sales of 25.261 million tons of commercial billet, the main steel products are divided into carbon steel, stainless steel and special steel three categories, unique leading products throughout the year to achieve sales of 11.9 million tons, an increase of 22.9%; Baosteel's 2011 Budget arrangement fixed assets investment of 16.8 billion yuan, an increase of 20% from 2010. Mainly used in the construction of oriented silicon steel follow-up project, Mei Steel product structure, such as a number of continuation and new projects. 2010 to complete the fixed assets investment 13.99 billion yuan. 2011-Year plan to produce 23.98 million tons of iron, 27.47 million tons of steel production, sales of 26.12 million tons of commodities, operating income 210 billion yuan, operating costs 184.7 billion yuan.